Esker, a worldwide leader in document process automation solutions and pioneer in cloud computing, has announced a global partnership with Rimilia, a provider of intelligent finance automated solutions that enable organisations to control their cash flow and cash collection in real time.
The mutually beneficial relationship will provide current and prospective Esker customers with a cash application automation solution; support Rimilia’s expansion globally through a reseller agreement; and enhance the customer experience by leveraging the artificial intelligence (AI) and machine learning technology built into Esker’s and Rimilia’s solutions.
Under the new partnership, Esker’s current and future customers will gain access to Rimilia’s cash allocation solution, Alloc8 Cash. Rimilia Alloc8 Cash automates the manually-intensive process of matching payments received, reducing manual labour and transforming financial processes. The software’s market-leading auto-matching rates, up to 95 per cent, are recognised by industry specialists The Hackett Group.
The bidirectional partnership will enable Rimilia to apply Esker’s technology to improve the speed and accuracy when capturing and reading data from remittances. Esker’s intuitive, AI-powered solution will complement Rimilia’s intelligent financial platform, empowering companies to guarantee and free up their cash flow in the most efficient manner.